Solana has been riding bullish waves as the broader crypto market recovers from the feud between Elon Musk and Donald Trump. While the SOL price has been raging high on the price charts, the Solana network has been receiving impetus at the fundamentals end. In a piece of positive news, the “Canary Marinade Solana ETF” is now registered in Delaware. Which makes it the first U.S. ETF proposal to include staking, powered by Marinade Finance’s SOC-2 compliant infrastructure.
Wondering if the Solana coin price is approaching the $200 mark anytime soon? Read this short-term SOL price analysis for potential targets.
Solana price today is showing renewed bullish momentum, as it has invalidated negative trends, to trade above crucial moving averages on both the hourly and daily charts. At the time of press, it is trading at $158.87, well above the 100 SMA support at $144.82.
A bullish move above the $164 resistance could take the price to $178.50, which would seek impetus from a potential golden cross. Contrarily, a drop below the intraday low of $153 could pull the SOL price to the $140 range. If the bulls maintain the trend, Solana could target $200 soon. Crypto analyst Ali expects the SOL price to 5X-10X if it breaks above the $200 mark.
Interested in SOL’s long-term forecast? Read our Solana (SOL) Price Prediction 2025, 2026-2030!
The Solana price today is at $158.87, while registering an intraday gain of 3.42%.
The registration of the “Canary Marinade Solana ETF” in Delaware marks the first U.S. ETF proposal to include staking, utilizing Marinade Finance’s SOC-2 compliant infrastructure. This suggests growing institutional interest in Solana.
If the bullish momentum sustains, and SOL price crosses its resistance at $178.50, we could witness a run to $200 soon.
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